Tailwater Capital

TopSail Energy Appoints Mark Bouldin to Chief Executive Officer

TopSail Energy L.P. (“TopSail”), an environmental company focused on building and developing a network of used motor oil (“UMO”) recycling facilities across the U.S., today announced the appointment of Mark Bouldin to Chief Executive Officer, effective immediately.

Mr. Bouldin brings more than 30 years of operations, sales, and management experience in the lubricant, heavy oil refining, and environmental industries, with experience overseeing complex collection, supply, sales, and manufacturing networks. Over the course of his career, Mr. Bouldin has managed international businesses, held senior roles at some of the largest acquisition targets in the UMO space, and led the construction of large-scale refining projects. Prior to joining TopSail, he was the Executive Vice President of GFL Environmental Inc.’s U.S. Liquid Waste business, the President of Kleen Performance Products, and the General Manager Americas of Shell Oil Company’s Specialty Products Group. Mr. Bouldin received a master’s degree in chemical engineering from the Technical University of Braunschweig, and a doctoral degree in chemical engineering from the University of Hamburg.

“I have long admired TopSail, and I am excited to lead the company at such a dynamic time,” said Mr. Bouldin. “TopSail has a long runway of opportunity ahead. I look forward to leveraging my experience leading large-scale refining initiatives to further strengthen the company’s goal of expanding their facilities across the country through new construction projects and acquisitions.”

“We are pleased to welcome Mark to the Topsail team,” said David Cecere, Partner at Tailwater Capital and Director at Topsail. “Given Mark’s deep background and experience in the environmental, lubricant and heavy oil refining industries, we are confident that he is the right person to lead the TopSail team and capitalize on the company’s growth potential.” 

TopSail Energy is currently completing construction of their Baytown, TX 4,000 BPD VGO recycling facility and is looking to expand via new construction and acquisition throughout the U.S.

TopSail is a portfolio company of Tailwater Capital LLC, a private equity firm based in Dallas, and a member of NORA, a trade association of responsible recyclers that represents over 325+ leading companies in the liquid recycling industry. 

About TopSail Energy 

TopSail Energy is a midstream/downstream energy company currently developing a national footprint of regional used motor oil processing facilities. Through acquisitions and greenfield development, TopSail Energy is on the path of rapid expansion that will require a significant number of talented, motivated and entrepreneurial resources to achieve our current growth targets. Please visit www.topsailenergy.com for more information

About Tailwater Capital, LLC

Dallas-based Tailwater Capital is a growth-oriented energy private equity firm with a well-established track record of working constructively with proven management teams to deliver value-added solutions. Tailwater currently manages more than $3.7 billion in committed capital and the team has executed more than 100 energy transactions in the upstream and midstream sectors representing over $20 billion in transaction value. For more information, please visit www.tailwatercapital.com.

TopSail / Tailwater Media Contacts

Julie Hamilton / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher

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